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The Importance Of Culture For The Development Of Nations: A Comparative Between Developed Countries And Emerging Markets

Author

Listed:
  • Joanna Douat

    (ESPM, Sao Paulo)

  • Mateus Canniatti Ponchio

    (ESPM, Sao Paulo)

Abstract

The paper evaluates the influence of cultural aspects on innovation, comparing emerging markets to developed countries. The assumption that guide the paper is that individualistic nations are risk-takers and tend to show higher innovation rates; whereas countries whose relations are more hierarchical, and therefore with high power distance, tend to be less innovative. It was conducted a multivariate data analysis from 56 nations, divided into developed and emerging countries, according to the International Monetary Fund criteria, that defines 36 countries as "advanced economies". The results indicate that confidence in population is related to a country?s degree of innovation. Nations with greater trust between individuals who are related tend to have a higher innovation index, while, on the other hand, countries in where people tend to have greater confidence in their neighborhood and community, have a lower chance of being innovative.

Suggested Citation

  • Joanna Douat & Mateus Canniatti Ponchio, 2019. "The Importance Of Culture For The Development Of Nations: A Comparative Between Developed Countries And Emerging Markets," Proceedings of International Academic Conferences 9811701, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:9811701
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    References listed on IDEAS

    as
    1. Bengt-Åke Lundvall, 2007. "National Innovation Systems—Analytical Concept and Development Tool," Industry and Innovation, Taylor & Francis Journals, vol. 14(1), pages 95-119.
    2. Carlsson, Bo, 2006. "Internationalization of innovation systems: A survey of the literature," Research Policy, Elsevier, vol. 35(1), pages 56-67, February.
    3. Lundvall, Bengt-Ake & Johnson, Bjorn & Andersen, Esben Sloth & Dalum, Bent, 2002. "National systems of production, innovation and competence building," Research Policy, Elsevier, vol. 31(2), pages 213-231, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Innovation; Culture; Emerging Markets; Global Innovation Index (GII);
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F20 - International Economics - - International Factor Movements and International Business - - - General

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